Connecticut Underwriting Agreement of Ameriquest Mortgage Securities, Inc. is a legally binding contract between Ameriquest Mortgage Securities, Inc. (the issuer) and an underwriter in the state of Connecticut. This agreement outlines the terms and conditions under which the underwriter agrees to purchase and distribute a specific amount of mortgage-backed securities issued by Ameriquest Mortgage Securities, Inc. to investors in Connecticut. This underwriting agreement is specifically tailored to comply with the regulations and laws of Connecticut. It ensures that the issuance and distribution of the mortgage-backed securities align with the state's requirements, such as those set forth by the Connecticut Department of Banking or other relevant authorities. The Connecticut Underwriting Agreement of Ameriquest Mortgage Securities, Inc. includes various important provisions, including but not limited to: 1. Terms and Conditions: The agreement delineates the terms under which the underwriter will purchase the mortgage-backed securities, including the offering price, underwriting fee, and any possible over-allotment option. 2. Representations and Warranties: The agreement contains representations and warranties made by Ameriquest Mortgage Securities, Inc., specifying that the mortgage-backed securities comply with all applicable laws and regulations in Connecticut. This protects the underwriter against any legal or regulatory risks associated with the securities. 3. Covenants: Ameriquest Mortgage Securities, Inc. may have certain covenants to fulfill, such as providing timely and accurate disclosure materials in compliance with Connecticut regulations, ensuring the accuracy of financial information, and maintaining any necessary licenses or approvals. 4. Indemnification: The agreement may outline indemnification clauses, specifying the responsibilities of Ameriquest Mortgage Securities, Inc. to indemnify the underwriter against any losses, damages, or liabilities incurred due to misrepresentations, breach of warranties, or other specified events. 5. Termination: The agreement may include provisions for termination, specifying the conditions under which the contract can be terminated and the resulting consequences. As for different types of Connecticut Underwriting Agreement of Ameriquest Mortgage Securities, Inc., they could vary based on factors such as the specific securities being offered, the size of the offering, or the particular underwriters involved. However, the overarching content and key provisions outlined above generally remain consistent throughout these agreements.
Connecticut Underwriting Agreement of Ameriquest Mortgage Securities, Inc.
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How to fill out Underwriting Agreement Of Ameriquest Mortgage Securities, Inc.?
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Status: CLOSED. Long Beach was closed by Washington Mutual in 2007. History: Originally a California-based savings and loan, founded in 1979, Long Beach Bank became a federally chartered thrift institution in 1990. In October 1994, it became Long Beach Mortgage Co.
The "lender" is the financial institution that loaned you the money. The lender owns the loan and is also called the "note holder" or "holder." Sometime later, the lender might sell the mortgage debt to another entity, which then becomes the new loan owner (holder).
On September 1, 2007, Citigroup completed its acquisition of Argent Mortgage and AMC Mortgage Services, shutting down Ameriquest Mortgage.
A mortgage is an agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money you've borrowed plus interest. Mortgage loans are used to buy a home or to borrow money against the value of a home you already own. Seven things to look for in a mortgage.
On September 9, 2007, Argent Mortgage was sold to Citi for an undisclosed amount. Argent was renamed Citi Residential Lending. Citi Residential Lending operated for several months before it was shut down. On September 10, 2007, Ameriquest stopped accepting loan applications.
Employer Identification No.) 1100 TOWN & COUNTRY ROAD, SUITE 1100 ORANGE, CALIFORNIA 92868 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (714) 541-9960 Item 5.